Aveo Capital Partners LLC Has $4.59 Million Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Aveo Capital Partners LLC grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1,594.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,728 shares of the company’s stock after buying an additional 32,679 shares during the quarter. Aveo Capital Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $4,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SDY. BXM Wealth LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $333,000. Nations Financial Group Inc. IA ADV lifted its position in shares of SPDR S&P Dividend ETF by 7.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,345 shares of the company’s stock valued at $310,000 after purchasing an additional 168 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $272,000. Values Added Financial LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $438,000. Finally, Mycio Wealth Partners LLC lifted its position in shares of SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Mycio Wealth Partners LLC now owns 29,545 shares of the company’s stock valued at $3,903,000 after purchasing an additional 1,311 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY opened at $134.26 on Friday. The company’s 50-day moving average is $133.89 and its 200 day moving average is $137.49. SPDR S&P Dividend ETF has a fifty-two week low of $123.32 and a fifty-two week high of $144.45. The firm has a market capitalization of $21.24 billion, a P/E ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF Company Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.